Catherine Shu, TechCrunch

Catherine Shu

TechCrunch

Taiwan, Province of China

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Recent articles by Catherine:

Style Theory, a fashion rental startup in Southeast Asia, raises $15 million led by SoftBank Ventures Asia –

Style Theory, a platform for renting designer apparel in Indonesia and Singapore, announced today it has raised $15 million in Series B funding. The startup says this is the first closing of the round. It was led by SoftBank Ventures Asia, the early-stage venture arm of SoftBank Group, with participation from other investors including Alpha […] → Read More

Huawei sues FCC over “unconstitutional” ban on the use of federal subsidies to buy its equipment –

Huawei said today it is suing the Federal Communications Commission, asking to overturn a ban on carriers from using money from the Universal Service Fund (USF) to buy equipment from Huawei and ZTE. The $8.5 billion USF supports the purchase of equipment to build communications infrastructure, especially in rural communities. Huawei is asking the United […] → Read More

Korean e-commerce leader Coupang hires Alberto Fornaro as its new chief financial officer –

Korean e-commerce giant Coupang has a new chief financial officer. The company announced today that it has hired Alberto Fornaro, who previously served the same role at International Gaming Technology (IGT PLC), the multinational gaming machine company. Fornaro succeeds Richard Song, who joined Coupang in 2011 and is retiring. Coupang is Korea’s largest e-commerce platform. […] → Read More

Billie Eilish, Lizzo and Lil Nas X are the winners of the first Apple Music Awards –

Apple now has its own music awards, with winners picked by Apple Music’s editorial team or based on streaming data from the service. The first recipient of its top award, Global Artist of the Year, is Billie Eilish. The Apple Music Awards will be streamed live on Dec. 4 at 6:30PM Pacific Standard Time from […] → Read More

TikTok apologizes for removing viral video about abuses against Uighurs, blames a “human moderation error” –

TikTok has issued a public apology to a teenager who had her account suspended shortly after posting a video that asked viewers to research the persecution of Uighur people and other Muslim groups in Xinjiang. TikTok included a “clarification on the timeline of events,” and said that the viral video was removed four days after […] → Read More

Alibaba’s shares climb almost 8% in their first morning of trading on the Hong Kong stock exchange –

Alibaba share price increased as much as 7.7% during its first morning of trading on the Hong Kong Stock Exchange. Soon after the market opened, the shares climbed from their listing price of HKD $176 (a 2.9% discount from their closing price on the New York Stock Exchange on Tuesday) to HKD $189.50. Each of […] → Read More

Anti-money laundering software startup TookiTaki raises $11.7 million in additional Series A funding –

TookiTaki, a startup that develops machine learning-based financial compliance software, announced today it has raised a $11.7 million in additional Series A funding, led by Viola Fintech and SIG Asia Investment, with participation from Normura Holdings. Existing investors Illuminate Financial, Jun… → Read More

Leaked Chinese government documents detail how tech is used to escalate the persecution of Uighurs –

In less than two weeks, two major reports have been published that contain leaked Chinese government documents about the persecution of Uighurs and other Muslim minorities in China. Details include the extent to which technology enables mass surveillance, making it possible to track the daily lives of people at unprecedented scale. The first was a […] → Read More

Lucence raises $20 million Series A for its non-invasive cancer screening technology –

Lucence Diagnostics, a genomic medicine startup that develops non-invasive tests for cancer screening, announced today that it has raised a $20 million Series A led by IHH Healthcare, one of the world’s largest integrated private healthcare groups. Other participants included SGInnovate and returning investors Heliconia Capital (a subsidiary of Temasek Holdings), Lim Kaling and Koh […] → Read More

Robotics startup Picnic, known for its automated pizza assembly system, raises $5 million –

Picnic, a robotics startup that focuses on food production, announced today that it has raised $5 million in additional seed funding. The new round was led by Creative Ventures, with participation from Flying Fish Partners and Vulcan Capital. The company also said it has hired Kennard Nielsen, a product engineer who worked on the first […] → Read More

New York State Attorney General reportedly investigating WeWork –

WeWork is reportedly being investigated by the New York State Attorney General. According to Reuters, the NYAG’s questions include if WeWork founder and former CEO Adam Neumann engaged in self-dealing. A WeWork spokesperson said in an email that “we have received an inquiry from the office of the New York State Attorney General and are […] → Read More

Yahoo Japan and Line Corp confirm merger agreement –

SoftBank Corp announced today that it has reached an agreement to merge with Z Holdings (the SoftBank subsidiary formerly known as Yahoo Japan) and Line Corp, in a move they hope will better position them against competitors. The merger, which was first reported by Nikkei last week, is expected to be completed in October 2020. […] → Read More

Twitter suspends accounts affiliated with Hamas and Hezbollah –

Twitter suspended several accounts affiliated with Hamas and Hezbollah over the weekend after being repeatedly asked to do so by a bipartisan group of U.S. Representatives. The lawmakers—Josh Gottheimer (D-NJ), Tom Reed (R-NY), Max Rose (D-NY) and Brian Fitzpatrick (R-PA)—criticized the company for allowing the accounts to stay up even though Hamas and Hezbollah are […] → Read More

Japanese instant-credit provider Paidy raises $143 million from investors including PayPal Ventures –

Paidy, a Japanese financial tech startup that provides instant credit to consumers in Japan, announced today that it has raised a total of $143 million in new financing. This includes a $83 million Series C extension from investors including PayPal Ventures and debt financing of $60 million. The funding will be used to advance Paidy’s […] → Read More

Field management software startup Workiz raises $5 million Series A –

Workiz, a startup whose software helps field service professionals manage their work, said today it has raised $5 million in Series A funding. The funding was led by Magenta Venture Partners, with participation from returning investor Aleph. The company announced the launch of Workiz Voice, an Amazon Alexa-powered feature that allows the app to be […] → Read More

As Juul announces mass layoffs, a new lawsuit alleges it shipped a million contaminated pods –

A lawsuit filed a by former Juul executive alleges that the company knew a batch of contaminated e-liquid had been used in about one million pods shipped to retailers earlier this year, but did not inform customers. The lawsuit, first reported by BuzzFeed, was brought by Siddharth Breja, former senior vice president of global finance […] → Read More

Market research platform Milieu Insight raises $2.4 million to launch in more Southeast Asian countries –

Milieu Insight, a Singapore-based market research and data platform, announced today that it has raised $2.4 million in pre-A funding. The round, led by MassMutual Ventures Southeast Asia, will be used on product development and to launch in four new Southeast Asian countries, Malaysia, Indonesia, the Philippines and Vietnam. The startup’s platform, called Milieu Surveys, […] → Read More

ByteDance denies it will go public in Hong Kong next quarter –

ByteDance has responded to a report in the Financial Times that said the Chinese Internet startup plans to go public in Hong Kong as early as the first quarter of next year. “There is absolutely zero truth to the rumors that we plan to list in Hong Kong in Q1,” said a spokesperson for the […] → Read More

Amazon acquires Health Navigator for Amazon Care, its pilot employee healthcare program –

Amazon has acquired Health Navigator, a startup that develops APIs for online health services. According to CNBC, which first reported the deal, Health Navigator will become part of Amazon Care, its pilot healthcare service program for employees. This is the second health startup acquired by Amazon. The first was online pharmacy PillPack, purchased by the […] → Read More

Microsoft reports a strong fiscal first quarter, but Azure’s growth rate continues to decline –

Microsoft posted quarterly results today that were well ahead of analysts’ expectations, but Azure’s growth rate continues to decline as it competes with AWS. The company’s revenue for the first quarter of the fiscal year rose 14% year-over-year to $33.1 billion. Net income increased 21% to $10.7 billion, or $1.38 per share. Revenue from Microsoft’s […] → Read More